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it calls for a $5 trillion tax cut. >> reporter: the candidates pounced on tv ads. romney does want to cut tax rates that would reduce revenue by $5 trillion over ten years. romney has refused to say which one, leaving him open to attack. >> today, mitt romney will launch an attack of his own, delivering a foreign policy speech slamming president obama's middle east policy. rock and paula. >> all right, tahman bradley, live in washington this monday morning. thank you, tahman. >>> and of course, the main event this week is thursday's vice presidential debate, abc's eastern, 6:00 pacific.t 9:00 >>> and politics overseas now, it is another victory for venezuela venezuelian president hugo chavez. chavez although is battling cancer received 54% of the vote, leaving his supporters to celebrate right there in the streets. voter turnout was more than 80%. that's the highest in decades and the election was largely peaceful. >>> the origin of a drone that crossed into israeli territory over the weekend is mystery this morning. israeli military shot down the unmanned aircraft
it calls for a $5 trillion tax cut. >> reporter: the candidates pounced on tv ads. romney does want to cut tax rates that would reduce revenue by $5 trillion over ten years. romney has refused to say which one, leaving him open to attack. >> today, mitt romney will launch an attack of his own, delivering a foreign policy speech slamming president obama's middle east policy. rock and paula. >> all right, tahman bradley, live in washington this monday morning. thank you, tahman....
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proposal. >> for 18 months he has been running on this tax plan. and, now, five weeks before the election, he is saying that his big bold idea is never mind. >> reporter: now top democrats and liberal pundits bemoan a missed opportunity. >> i don't know what he was doing out there, had his head down, enduring the debate rather than fight. >> it looked like romney wanted to be there, president obama didn't want to be there. >> reporter: some blamed denver's high elevation for his performance. >> when you go to 5,000 feet, and you have a few hours to adjust. >> that's interesting. >> i don't know. >> the president spent much time looking down at his podium take notes. and squandered easy opportunities to go after romney. such as this moment. >> i like pbs. i like big bird. i like you too. but i am not going to keep on spending money on things to borrow money from chon ina to p for it. a wide opening. the president took more than 14 hours to come up with a come? back. >> thank goodness, somebody is finally getting tough on big bird. it is about time.
proposal. >> for 18 months he has been running on this tax plan. and, now, five weeks before the election, he is saying that his big bold idea is never mind. >> reporter: now top democrats and liberal pundits bemoan a missed opportunity. >> i don't know what he was doing out there, had his head down, enduring the debate rather than fight. >> it looked like romney wanted to be there, president obama didn't want to be there. >> reporter: some blamed denver's high...
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. >> i want to keep taxes down on small business so we can create jobs. this is about good jobs for the american people. >> reporter: when asked who would best handle unemployment, voters surveyed in a cnn orc poll taken before the week's debate picked romney by a 51- 45% margin over obama. today's numbers will be especially scrutinized because after this there is just one more jobs report expected before the november election. in washington, i am emily schmidt. >> the job report the numbers are due out by 8:30 this morning. >> claims are up about 367,000 americans filed for first time unemployment benefits last week. that's 4,000 more than the week before. those numbers are important because they serve as an indicator to how healthy the job market is overall. >>> in news around the nation this morning, drivers in california are getting a shock when they fill up at the pump. gas price we up more than 8 cents from wednesday to thursday. some customers paid more than $5.50 a gallon for regular unleaded they blame refinery outages for the spike and according
. >> i want to keep taxes down on small business so we can create jobs. this is about good jobs for the american people. >> reporter: when asked who would best handle unemployment, voters surveyed in a cnn orc poll taken before the week's debate picked romney by a 51- 45% margin over obama. today's numbers will be especially scrutinized because after this there is just one more jobs report expected before the november election. in washington, i am emily schmidt. >> the job...
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. >> if the tax plan he described were a tax plan i would support, absolutely not. i'm not looking for a $5 trillion tax cut. >> now, five weeks before the election, he's saying that his big, bold idea is, never mind. >> reporter: george, up until last night, the obama campaign had succeeded in turning this from a referendum on president obama to a choice. and they were painting mitt romney as an unacceptable alternative. but that dynamic seemed to change last night. it seemed to be very much a referendum on president obama. and mitt romney presented himself as a credible alternati alternative. george? >> that's what mitt romney wanted. >>> let's get the view from the romney camp right now. david muir covers the romney campaign. and as we said, the polls giving mitt romney the win overnight. clearly, the romney team is happy. how do they capitalize on it going forward? >> reporter: i have to tell you, george, in talking with a key adviser overnight, one of the things i was struck by was he said our supporters are going to love this. you can't underestimate what he m
. >> if the tax plan he described were a tax plan i would support, absolutely not. i'm not looking for a $5 trillion tax cut. >> now, five weeks before the election, he's saying that his big, bold idea is, never mind. >> reporter: george, up until last night, the obama campaign had succeeded in turning this from a referendum on president obama to a choice. and they were painting mitt romney as an unacceptable alternative. but that dynamic seemed to change last night. it seemed...
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. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation, you're a smart businessman. but if you take advantage of something that you need to not be hungry, you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> i think it works. >> reporter: there were moments you'll likely never see in the presidential debate. >> you just begrudged -- >> no, no, no. >> you've been begrudging all night. >> no. >> this is nothing but begrudging. >> reporter: here's their advice for bridging the bipartisan divide in congress. one major snafu of the night, some viewers had difficulties streaming the debate live. >> let me ask you this -- >> reporter: there was so much demand, it overloaded the servers. >> this whole idea is insanity. >> reporter: prompting tweets like this. "your site is more broken than america." "the rumble 2012 will soon be followed by the refund 2012." at a press conference after
. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation, you're a smart businessman. but if you take advantage of something that you need to not be hungry, you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> i think it works. >> reporter: there...
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>> why if you take advantage of a tax break and you are a corporation, you are a smart businessman but if you take advantage of something that you need not to be hungry, you are a moocher? >> even foreign policy? >> it appears the foreign policy is to go into the middle east and buy friends. does that work? >> yeah, we can buy friends. >> i think it works. >> there are moments you will likely see in the presidential debate? >> you just begrudged -- >> this is nothing but begrudging! >> one major snafu of the night, some had difficulty streaming the debate live. there was so much d overloaded the servers. >> this whole idea is insanity. >> your site is more broken than america. >> the 2012 will soon be followed by the refund 2012. >> hopefully they were able to raise a little money because half the proceeds went to charity. >> the reviews have not been kind. reuters said the night consisted of less than thought provoking part suns who arrived marinated, and i missed it. it was good to see those guys come together like that. they had fun with it. >> exactly. >> i don't think anybody was
>> why if you take advantage of a tax break and you are a corporation, you are a smart businessman but if you take advantage of something that you need not to be hungry, you are a moocher? >> even foreign policy? >> it appears the foreign policy is to go into the middle east and buy friends. does that work? >> yeah, we can buy friends. >> i think it works. >> there are moments you will likely see in the presidential debate? >> you just begrudged --...
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the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: many supporters asking, why wasn't the president tougher? why no mention of romney and his comments about the 47%? the people romney said he could never convince to take personal responsibility. romney offering new explanation for those comments overnight. >> why didn't president obama bring that up? what would you have said if he did bring it up? >> clearly, in a campaign with hundreds, if not thousands of speeches, and question and answer sessions, you're going to say something that didn't come out right. and i said something that's just completely wrong. >> reporter: that was one of the first times we heard romney, in fact, the first time we heard him say he was completely wrong about those comments about the 47%. as far as the obama campaign is concerned, they've acknowledged in the last 24 hours, they have to look at their debate strategy before the next one. >> they know it has to change. >>> now, to the big jobs news. the latest report
the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: many supporters asking, why wasn't the president tougher? why no mention of romney and his comments about the 47%? the people romney said he could never convince to take personal responsibility. romney offering new explanation for those comments overnight. >> why didn't president obama bring that up? what would you have said if he did bring...
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the romney campaign saying that the president raised middle-class taxes. >>> both sides will be watching a court decision in pennsylvania today. a judge expected to rule whether a law requiring voters to show a photo i.d. is, in fact, constitutional. >>> and a philadelphia police lieutenant under investigation after punching a woman in the face. the video you see here from the puerto rican day parade, shows the lieutenant striking a woman so hard, she falls to the ground bleeding. police claims she threw beer at them. we'll hear more about this. >>> finally, what every folicly-challenged fella has been waiting to hear. i should recuse myself from this story. a new study finds pursuit folks, like bruce willis, not only appear tougher and more powerful than more men, they're seen as taller and better leaders. >> and cuter. >> guys like patrick stewart, are masculine enough to take on the cable company, as we recently reported. the study did find the guys with full, lustrous hair are found to be more attractive. >> i thought they were going to go with your husband, mark there. >> i keep wai
the romney campaign saying that the president raised middle-class taxes. >>> both sides will be watching a court decision in pennsylvania today. a judge expected to rule whether a law requiring voters to show a photo i.d. is, in fact, constitutional. >>> and a philadelphia police lieutenant under investigation after punching a woman in the face. the video you see here from the puerto rican day parade, shows the lieutenant striking a woman so hard, she falls to the ground...
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he improved his status and pretty much everything from september from taxes, medicare, jobs, women. >> and the, the jobs including question who would handle the e kb e -- economy better. everyone's number one issue. sliding up in that arena that bodes very, very well. >> we have to wait to wednesday to get the true breadth, predebate, debate and numbers, post jobs report numbers to come out. i think that will be fleshd out. >> some analysts say joe biden is feeling the heat. he need a strong debate. we'll see. >>> romney took on foreign policy yesterday in a speech at virginia military institute. he blasted current u.s. policy in syria arguing we should partner with other countries to help on the rebels to defeat assad. romney said america much take a larger, stronger rolen global politics. >> our friend and allies across the globe don't want less american leadership. >> romney criticized the obama administration for failing to declare at take on the u.s. consulate in libya a terrorist attack. >>> with his opponent surging in the polls, president obama is campaigning with new urgency.
he improved his status and pretty much everything from september from taxes, medicare, jobs, women. >> and the, the jobs including question who would handle the e kb e -- economy better. everyone's number one issue. sliding up in that arena that bodes very, very well. >> we have to wait to wednesday to get the true breadth, predebate, debate and numbers, post jobs report numbers to come out. i think that will be fleshd out. >> some analysts say joe biden is feeling the heat....
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. >> and do that by cutting taxes? with a big tax cut? >> those are yours, not mine. >> thank you very much, sir. >> yeah. that was strange. >> reporter: the obama campaign, also seeking to mock mitt romney for his pledge to eliminate funding for pbs, by portraying him in a tv ad, by personally going after big bird. the ad says, mitt romney taking on our enemies, no matter where they nest. george? >> we've not seen the end of that. jake, thank you very much. >>> diane sawyer and i will have live coverage of the next big debate. the v.p. candidates go at it this thursday, at 9:00 eastern, 6:00 pacific. >>> let's go to josh and the other top stories. >> good morning, all of you. we're going to begin with new information on the growing meningitis outbreak. a ninth death is being reported in tennessee. in all, 105 cases in the 9 states you see highlighted there, are being linked to contaminated steroid shots. as many as 13,000 people may be at-risk. the shots came from a massachusetts pharmacy that mixes medications. there's a growing push to
. >> and do that by cutting taxes? with a big tax cut? >> those are yours, not mine. >> thank you very much, sir. >> yeah. that was strange. >> reporter: the obama campaign, also seeking to mock mitt romney for his pledge to eliminate funding for pbs, by portraying him in a tv ad, by personally going after big bird. the ad says, mitt romney taking on our enemies, no matter where they nest. george? >> we've not seen the end of that. jake, thank you very much....
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i will not raise taxes on business. i will not tase ax -- raise taxes on middle-income people i will not raise taxes on the american people. it's a very different approach. >> no republican has won the presidency without winning ohio. romney plans to spend the next three days in that state. >>> brian kobilka got the call from sweden about 2:20 a.m. that he won the nobel prize. he's a profess at stanford school of medicine and won the prize for ground-breaking discoveries on cell proteins that have helped scientists develop better medication e share urs the prize with duke university professor with robert lefkowitz and he says he already has plans for the money. >> the kids. they don't make that much money. you don't know what's gonna happen in the future. you want to be able to have something to leave to your children. >> yeah, it's icing on the cake. we never work for the company. it's icing on the cake. >> this is a wonderful day -- >> he also had a chance to talk about his work during a press conference at stanford t
i will not raise taxes on business. i will not tase ax -- raise taxes on middle-income people i will not raise taxes on the american people. it's a very different approach. >> no republican has won the presidency without winning ohio. romney plans to spend the next three days in that state. >>> brian kobilka got the call from sweden about 2:20 a.m. that he won the nobel prize. he's a profess at stanford school of medicine and won the prize for ground-breaking discoveries on cell...
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a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure. we're going to stop taxing jobs and we're going to help companies large and small start here, stay here and grow right here. and we need to protect existing jobs at the same time we spur job creation. in our consensus measure we'll generate new revenue for housing, for economic development and critical infrastructure like our roads and muni, investments that will help our workers and our businesses. and because we are growing and a vibrant economy we require a growing and diverse supply of housing. so we need a housing trust fund. that's proposition c creating a permanent fund
a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure....
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it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against this proposition? >> i agree with everything supervisor chiu said about payroll tax. if this measure were revenue neutral, if it were substituting a gross receipts tax for a tax on payroll, the libertarian party would have supported it. but unfortunately some people at city hall got greedy and so the measure is actually a 25.8 million dollars a year tax increase. during a recetion, people are suffering, many people unemployed, many people in san francisco are earning minimum wage, thousands of course on our streets. it's the wrong time to be raising taxes on businesses because the largest employers, of
it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against...
SFGTV2: San Francisco Government Television
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we will actually looked beyond tax occurrence. that is one of the things we can do as a non-regulated lenders. we are able to look at cash- based businesses in some ways that would be difficult for a larger financial institutions. in terms of lending based on projections, we typically do not lie on -- rely on projections, but unless is a contract that has been awarded. we're really looking at what actually you already have in the household. in terms of credit, we want to see that your credit is currently in good standing, but a mix credit history is ok. that is another way we might differ from a more traditional lender. we want to see that currently, you have no unpaid tax liens, child support, or judgments. we have no automatic credits for cut off. we are more interested in the substance of a client and where they are today. if you have no credit within credit, we can work with that. a portly, and you will hear this from all small business leaders, and it is something to get in your head now, all of our loans are personally guara
we will actually looked beyond tax occurrence. that is one of the things we can do as a non-regulated lenders. we are able to look at cash- based businesses in some ways that would be difficult for a larger financial institutions. in terms of lending based on projections, we typically do not lie on -- rely on projections, but unless is a contract that has been awarded. we're really looking at what actually you already have in the household. in terms of credit, we want to see that your credit is...
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it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to serve a declining student population. they might close some of the new campuses they've opened recently and consolidate facilities. >> thank you. do you want to offer comments to starchild's opposition? >> i think the, one of the primary things we need to remember is that city college of san francisco, which is an institution that san francisco really counts on, i think, for both our economy and for all of the community, has been operating under duress for a number of years. we can and we will make the smart reforms, we alre
it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to...
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we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no application fee. if you are interested in an application or information, i have brochures, or you can give us a call. >> thank you. next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am loo
we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no...
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we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no application fee.
we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no...
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a constitutional spending commitment on a temporary tax. that's kind of uncertain, as well. >> belva: we have so many hot issues, we have to move to one that is really hot, because it is burning the pocketbooks of the people of the state, and that's gas prices that seem to be gone a bit wild. >> to a record price in san francisco today, probably around the state by tomorrow. the average price in the bay area is $4.55. that is 16 cents more than yesterday. 37 cents more than a week ago and 70 cents higher than a year ago. so, it is a huge problem for the state of california. there are six primary factors that are contributing to this and they are very important. one is the chevron refinery that's 1 out of 8 gallons of fuel in the state of california. that's out of service for many months to come there was a major pipeline that chevron owns and operates that has been shut down since the middle of september, out of service, denies amount of crude oil, cutting down on supply. there was a fire in southern california at an exxon refinery, not a f
a constitutional spending commitment on a temporary tax. that's kind of uncertain, as well. >> belva: we have so many hot issues, we have to move to one that is really hot, because it is burning the pocketbooks of the people of the state, and that's gas prices that seem to be gone a bit wild. >> to a record price in san francisco today, probably around the state by tomorrow. the average price in the bay area is $4.55. that is 16 cents more than yesterday. 37 cents more than a week...
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we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are an existing business, we want to see the money that we give you goes to the growth of your business. the third c is capital itself. basically, how much of yourself had the-- how much capital haveu invested? if you are a startup, and generally, 30%. if you are an expansion, you are looking to expand your restaurant, that is generally around 20. the fourth c is capacity. capacity is pretty important. that is the ability to repay your loan. if we are going to be looking at a debt service, we look at a percentage of 1.25. for start-ups, we like to see startups near 1.25, generall
we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are...
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you will get a tax credit. if you need to make changes in the structure of your premises, there are also tax credits for that. most of these cases start with a letter. a demand letter. that is usually signed not by a lawyer, but by it up plaintive. the plaintiff may not be a professional plaintiff. that does not make any difference. the defense has been tried in court. is a civil rights statute. -- it is a civil rights statute. they can be a perfectly legitimate plaintiffs to bring a lawsuit, and there are a number of people who belong to disability organizations that actually, that is what their livelihood is, bringing these lawsuits. the gentleman over here, who was also a lawyer knows of at least one case involving two lawsuits. they started all neighborhoods. the target places like san francisco because this is an old city with old buildings, virtually none of which comply. we only have new construction that would be billed to 1988 compliance standards, usually. whatever kind of business you have, the build
you will get a tax credit. if you need to make changes in the structure of your premises, there are also tax credits for that. most of these cases start with a letter. a demand letter. that is usually signed not by a lawyer, but by it up plaintive. the plaintiff may not be a professional plaintiff. that does not make any difference. the defense has been tried in court. is a civil rights statute. -- it is a civil rights statute. they can be a perfectly legitimate plaintiffs to bring a lawsuit,...
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as a small-business person, each of you needs to understand, it is complex, but there are a lot of tax incentives and investment in business that you should take aware -- advantage of. >> we have two questions in the back. just to be mindful for everyone's time, we will go for about five more minutes. >> my name is david. i am an internet or entrepreneurs. in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc, corp., and who is liable, for whose borrowing the money? >> as a micro lender, we expect the principles, the corporate form, to provide guarantees. >> personal guarantees. >> the same. 20% ownership in the company. [inaudible] >> [inaudible] >> i heard something about sba guaranteed loans. maybe i missed something. does that have to do with the sba guaranteeing the entity? >> the question on the sba guaranteeing a entity as the order of the business, whether it is a corporation or partnership, for any small business lending, you should expect to be guaranteeing that long personally. as a small-business owner, from a lender's point
as a small-business person, each of you needs to understand, it is complex, but there are a lot of tax incentives and investment in business that you should take aware -- advantage of. >> we have two questions in the back. just to be mindful for everyone's time, we will go for about five more minutes. >> my name is david. i am an internet or entrepreneurs. in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc, corp., and who is...
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and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, reuters puts mitt romney within two points of the president. tomorrow we'll see both candidates in ohio. there's good reason for that. tomorrow is the last day voters there can register to vote. >> tracie pot
and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan....
SFGTV2: San Francisco Government Television
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you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> all right. thank you sir. >> there are three parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are considered -- cha
you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay...
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Oct 6, 2012
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how do you run a modern state with tax cuts? we resort to desperate, back last november, we were asked to vote to make four indian casinos in san diego county pony up money. i thought this was a joke. they voted to do it. now, the governor proposes to borrow against future revenues. how did they deal with these social problems when the economic problems were far worse than what we can imagine today? this is from larry halprin's. and it has these quotes from roosevelt on the wall. he said in one of his talks to the people, "the test is not whether we have more, it is whether we provide enough for those who have too little". it's a different philosophy than that which we have become used to. what i am going to show you is a lost civilization. it's a strange place. and yet, it becomes oddly familiar after a while because we built it and use it every day without knowing it. it has been buried. the living new deal project is like an archaeological dig. we are going after the new deal in california, but hope to extend throughout the u
how do you run a modern state with tax cuts? we resort to desperate, back last november, we were asked to vote to make four indian casinos in san diego county pony up money. i thought this was a joke. they voted to do it. now, the governor proposes to borrow against future revenues. how did they deal with these social problems when the economic problems were far worse than what we can imagine today? this is from larry halprin's. and it has these quotes from roosevelt on the wall. he said in one...
SFGTV2: San Francisco Government Television
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Oct 7, 2012
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you have people in wheelchairs get on the ground that had signs that said, "tax the rich." attendees: to get jobs, through coins at them, called them retards. we
you have people in wheelchairs get on the ground that had signs that said, "tax the rich." attendees: to get jobs, through coins at them, called them retards. we
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut? when he is asked how he will cut the deficit, he says economic the mathematics work by eliminating public funding for pbs. this is not new. this is what he has been saying every time he is asked a question. he says we can cut out pbs. for all you moms and kids, don't worry, somebody finally has found out the big bird. who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut our investments in education or clean energy or research or technology. that's not a jobs plan. does not plan to grow the economy. that is not change. that is a relapse. we have be
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut? when he is asked how he will cut the deficit, he says economic the mathematics work by eliminating public funding for pbs. this is not new. this is what he has been saying every time he is asked a question. he says we can cut out pbs. for all you moms and kids, don't worry, somebody finally has found out the big bird. who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a...
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of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat cats and million fairs and billionaires, they're average work people and concerned about the environment. and national independent business owners a record number of people. a bad time to start a business and a bad time to hire people. and that's not going to inspire jobs in this country, which is exactly what we need right now. >> okay, cl
of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may...
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that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose ar
that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank...
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the next one will also be on how to grain your business, with tax -- green your business, tax credits available with that. for non-profit, charitable organizations, we have a workshop coming up. that is helpful for those of you who are looking to access the committee on a durable basis. >> also, on behalf of leader pelosi, i want to thank our panel and her staff. we are tenants in this building. i apologize for the security situation that happened upstairs. if you have concerns about it, please come and see me. i would like to convey those to the landlord here so that it does not happen again. thank you. >> jennifer wagner. jnny first joined the league in san francisco in 2001 and has since volunteered in many roles at the local, regional and state and nation levels she currently volunteered as the president of the league of woman voters of california, and is a small business owner here in san francisco. she holds a degree in government, from claire mont college and a policy. >> good evening, everyone, candidates. >> good evening. >> this year we have two candidates for state assembly
the next one will also be on how to grain your business, with tax -- green your business, tax credits available with that. for non-profit, charitable organizations, we have a workshop coming up. that is helpful for those of you who are looking to access the committee on a durable basis. >> also, on behalf of leader pelosi, i want to thank our panel and her staff. we are tenants in this building. i apologize for the security situation that happened upstairs. if you have concerns about it,...
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our enviro
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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going back to tax. your premise is that people are making a decision between -- even i income people who, you know, are certainly high income people consume that you were saying they are making the choices about investment versus consumption, based on taxes. i sort of imagine, i'm a, not sure how rich were talking about but at some point you of certain level of wealth, it seems to me people kind of by what they want and then they invest the rest. but you are saying you think actually that they buy more if tax rates were higher. you think i would have an important impact. >> guest: all the time i take the point it takes a lot. yes, i think, yes, but i would say it compounds gradually over time into the point where what you want, i think what is lost in this equation is how do you really get rich as an investment. you satisfy customers. customers are what makes you rich. they say you're the guy who is satisfy my needs, not that guy over there who is not getting rich. so what you really want, talent people
going back to tax. your premise is that people are making a decision between -- even i income people who, you know, are certainly high income people consume that you were saying they are making the choices about investment versus consumption, based on taxes. i sort of imagine, i'm a, not sure how rich were talking about but at some point you of certain level of wealth, it seems to me people kind of by what they want and then they invest the rest. but you are saying you think actually that they...
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. >> and the millionaire siblings putting a negative spill on the governor's tax increase measure that you'll vote on this november. >> former president clinton same kaim to endorse candidates and now there is more on the political cloud in the bay area race that pollsters consider, what a toss up. >> that is right. and he can pull in support and z.in a congressional district he is hoping that clinton's appearance does just that. >> president clinton came to support four democrat autos four people i'm on the stage with, and each in their own way represent the american dream. >> two incumbents represent eastern edge of the bay area. and. >> before he ran for congress he was in the wind turbine business. >> this time around, is he in a newly drawn district facing a well funded republican opponent. >> and ricky gill running his own ads and outside supporters attacking his opponent and u.s. chamber of commerce paid for this ad and is spending million as tacking democrats and their director tells abc 7 news the path to maintaining a pro business majority goes through the golden state. ricky
. >> and the millionaire siblings putting a negative spill on the governor's tax increase measure that you'll vote on this november. >> former president clinton same kaim to endorse candidates and now there is more on the political cloud in the bay area race that pollsters consider, what a toss up. >> that is right. and he can pull in support and z.in a congressional district he is hoping that clinton's appearance does just that. >> president clinton came to support four...
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they were not taxes of the last four years they are taxes of the future. you have had massive regulation in the last four years and executive orders coming out of the federal government and viserating the congressional man date and letting the bureaucracy run the country and you have lists of them down here of over 900 executive orders and where they are abdicating the responsibility of congress and legislature and giving it to the burrcrats to run the country. it is outrageous. >> what i thought was so interesting about vice-president biden's comments 24 hours before the presidential. but setting up the middle class is effected and that is what mitt romney said middle class is suffer it has been the last four years. >> the economy is suffering under the government intervention. we often times don't think of regulations as being a tax. it is a tax not only on wealth creation but individual freedom and take the credit card act that was regulation and pass , a few years ago and had hoped to help the middle class . it made credit more expensive and difficult
they were not taxes of the last four years they are taxes of the future. you have had massive regulation in the last four years and executive orders coming out of the federal government and viserating the congressional man date and letting the bureaucracy run the country and you have lists of them down here of over 900 executive orders and where they are abdicating the responsibility of congress and legislature and giving it to the burrcrats to run the country. it is outrageous. >> what i...
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Oct 2, 2012
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should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's kind of nice to be there so i would support it and once you have it legalized you have again another base of revenues to tax and if they do advertisement and most will or go through an agency people would know about it, so it's not like -- right now we're gaining nothing and people are doing it anyways so why don't we take advantage of the fact we legalize it and actually increase our tax revenue. >> thank you sir. >> well, i know this issue got some press earlier this year but i don't know how widespread it is. i mean is this a real issue that really needs to be dealt with or is this solutions looking for a problem? i just don't know. i would to know how how widespread it is and if it's taking a bite of out of the city's tourist dollars or getting more press than it should? i don't know th
should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's kind of nice to be there so i would support it and once you have it legalized you have again another base of revenues to tax and if they do advertisement and most will or go through an agency people would know about it, so...
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he stood up on stage, promised his tax cuts would include the top 1%. he promised this. most of the economickest who crunched the number said the plan would blow up the deficit or raise taxes on the middle class. one or the other. that is how math works. >> the visit brought out a few protesters and lots of supporters. kron 4's reggie kumar is live near the bill graham civic auditorium with more tonight. >> reporter: the president left bill graham civic auditorium an hour ago. he spoke 22 minutes. those who attended loved every minute of it. >> reporter: this is president obama leaving monday night's night's fundraiser at the bill graham civic auditorium. tickets range from $22 to $100 which included a concert. >> he talked about his plans for the future, you know, finishing what we started, ending the war, making it better for americans. >> how was it? >> it was great to see him. this is the first time i have seen a president. >> i am on cloud 9. so -- >> reporter: [ inaudible question ] >> i did. $100 and you got to stand. so standing room. i looked back in the nose bl
he stood up on stage, promised his tax cuts would include the top 1%. he promised this. most of the economickest who crunched the number said the plan would blow up the deficit or raise taxes on the middle class. one or the other. that is how math works. >> the visit brought out a few protesters and lots of supporters. kron 4's reggie kumar is live near the bill graham civic auditorium with more tonight. >> reporter: the president left bill graham civic auditorium an hour ago. he...
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i do pay a higher tax rate and i think that is fine. but the people who are successful in our society are increasingly asked asked to bear more and more of the share of the tax burden as opposed to making sure that all citizens understand that if we are going to have a world class education system we have to balance that against other things. we cannot both have a big bullet train to nowhere that is going to cost probably over $billion dollars and have a world class system. i hope for the american dream to continue here in california and i hope to have the opportunity one day represent the voters of san francisco and play my role in the public service and i come mend the senator for doing that and sacrificing his career in that regard and i hope to be able to join him one day, thank you. >> i inseerly thank the an dates, on behalf of the league of san francisco, and the jr. league of san francisco. the university of california san francisco, the san francisco public librariry and our media partner, san francisco government television. a
i do pay a higher tax rate and i think that is fine. but the people who are successful in our society are increasingly asked asked to bear more and more of the share of the tax burden as opposed to making sure that all citizens understand that if we are going to have a world class education system we have to balance that against other things. we cannot both have a big bullet train to nowhere that is going to cost probably over $billion dollars and have a world class system. i hope for the...
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. >>> jobs, taxes, healthcare, and big bird! the first perez dishl debate is in the book -- presidential debate is in the books. >> looking at the cbs news instant polls, the former governor apparently knocked it out of the park. 500 uncommitted voters were asked who won this debate. 46% said romney was the winner, while only 22% said that the president was the victor this time. as for their view of romney, the man who has been fighting to ensure that he relates to the average american, 56% of the polls said they had a better opinion of the former governor after this debate. what started out as cordial quickly became heated. >> his proposal calls for a $5 trillion tax cut on top of $2 trillion of additional spending for the military. and he is saying that he is going to pay for it by closing loopholes and deductions. he's been asked over 100 times how he would close those loophole, and he hasn't identified them. >> if the tax plan he described airplane tax plan i was asked to support, i'd say absolutely not. i'm not looking for
. >>> jobs, taxes, healthcare, and big bird! the first perez dishl debate is in the book -- presidential debate is in the books. >> looking at the cbs news instant polls, the former governor apparently knocked it out of the park. 500 uncommitted voters were asked who won this debate. 46% said romney was the winner, while only 22% said that the president was the victor this time. as for their view of romney, the man who has been fighting to ensure that he relates to the average...